In the Current Taxable Year, Trust J Has the Following $\quad \$ 5,000$

question 11

Multiple Choice

In the current taxable year, Trust J has the following receipts and expenses: Tax-exempt interest income $\quad \$ 5,000$
Taxable interest income $\quad 12,000$
Rent income $\quad 8,000$
Long-term capital gain allocable to corpus $\quad 25,000$
Trustee fee $\quad 2,000$
Rent expenses $\quad 1,100$ Based on these facts, the trust may deduct

• A)$2,000 trustee fee and $1,100 rent expense
• B)$1,800 trustee fee and $990 rent expense
• C)$1,600 trustee fee and $880 rent expense
• D)$ 1,600 trustee fee and $ 1,100 rent expense

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Definitions:

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